Jubilee Metals Share Discussion Threads

[gsg] 16/3/2021 14:55

Thanks billy.

[billyusa] 16/3/2021 14:40

Iridium makes up 4% of our basket and the pay out is only 50%(3000$ currently)

[gsg] 16/3/2021 14:24

In view of the below, would anyone know the iridium values which JLP can generate, or is it negligible?

The iridium price has escalated more than 250% over the past three months, exceeding $6,000/oz last week as the market adjusts to the impact of last year’s supply disruption in South Africa. On top of this, iridium demand was relatively robust in 2020, so the market is exceptionally tight. High prices are likely to prevail until refined output normalises.

[deme1] 16/3/2021 14:15

Losta trying to buy back in after selling at 10p and deramping to try and get back in at 6p

well played ;)

[sailing john] 16/3/2021 14:10

"Highly Geared 16 Mar '21 - 13:32 - 37362 of 37366
Palladium very lively today!"

Yes plus 5% step change. Presumably because of Nornickel announcement. 3-4 months to fix flooding and loss of 710koz PGM production!

[lostabillion] 16/3/2021 13:55

Glass ceiling about to be shattered?

[gsg] 16/3/2021 13:54

At auction someone just put 750k share on the offer at 19p. lol

[lostabillion] 16/3/2021 13:52

Thanks Bullster.

Looks like they want your shares.

[bullster] 16/3/2021 13:48

PLATINUM
49%
@
$1,217.00
$596.33


PALLADIUM
40%
@
$2,423.00
$969.20


RHODIUM
9%
@
$21,500.00
$1,935.00


GOLD
2%
@
$1,734.00
$34.68





B.B.I. =
$3,535.21


Getting back on track.

[highly geared] 16/3/2021 13:32

Palladium very lively today!

[robers98] 16/3/2021 12:09

Wonder if the Vanadium price is getting back to a level that will get JLP interested again once the zinc circuit is up & running. Another bonus metal coming online late 2021 if it is as Leon has said very little needs to happen to commence production.

[pshevlin] 16/3/2021 11:51

From Antofagasta results:-

"In early 2021, sentiment in the copper market is positive despite a second wave of the pandemic in many countries, as markets took encouragement from the successful development of several vaccines and their accelerating rollout.

Demand is expected to recover the volumes lost in 2020, and to grow further. There is, however, some uncertainty about stimulus packages in China continuing as strongly as in 2020, but the economic recovery expected in the USA, Europe and elsewhere in the world, supported by fiscal stimulus packages, will positively impact sectors that use copper."

[lostabillion] 16/3/2021 10:44

Interims should be out around next Friday.

[gsg] 16/3/2021 09:45

SteadyEddie.

It looks like a deliberate policy by the Zambian government to break up Konkola Copper Mines and Mopani (via different methods) into more focused and manageable units, as their current set up is not working on many levels, including copper production.

Hopefully Jubilee is in the right place at the right time and will benefit from the break ups, gaining further tailing dams, as well as more processing capacity in Zambia.

[5teadyeddie] 16/3/2021 09:15

Just adding to GSG's post on Zambian production (37293)

JLP is looking to produce 25,000t of Cu in the next few years.
Mopani has a production of 41,000t given by the FT, but employs 9,000 and is lossmaking.
Konkola, a subsidiary of Vedanta, has smelting capacity of 311,000tpa and concentrator capacity of 15.5mtpa. (I can't find any actual production figures). It's in dispute with the government, which has tried to liquidate it to take the assets on account of 'non-compliance with regulations' or unpaid taxes or somesuch. Vedanta has apparently invested around $3bn in Konkola since 2004. This action casts a long shadow of any valuations the London market might give to Zambian production, IMO.

The P/E of JLP's earnings is key to it's valuation, which must be why Leon stresses the quality of its earnings at every presentation ('quality' = length of repeatability). But while JLP remains listed in the mining section of the LSE it's surely handicapping it's P/E rating - it does not want to be rated as a miner. A move to 'Metals' perhaps is marginally better. At this point in JLPs evolution a P/E of 10 would be wonderful, 7 or 8 more likely and anything more a dream?

JLPs earnings are also dependent on volatile metals prices - hopefully they'll still be a full blown bull market in metals when JLP has 25,000tpa on stream - but the volatility will also handicap the P/E rating.

[frogkid] 16/3/2021 09:10

i did thanks tintin!

[9tintin] 16/3/2021 09:01

froggy

Very wise - just ignore

Did you enjoy the break?

tintin

[frogkid] 16/3/2021 08:48

edit - not going to get drawn into this petty squabbling...

[deme1] 16/3/2021 08:38

Warrants being issued will cause drag.

Just need the numbers out now, which will either propel us to the 20p+

OR

bring out the sell on news brigade.

[deme1] 16/3/2021 08:37

What's the name of your boat Losta?

[9tintin] 16/3/2021 08:20

Meanwhile - back at the ranch in reality land - we wait for news.

ZZZZZZZZz

tintin

[9tintin] 16/3/2021 08:17

What puzzles me, bearing in mind virtually everyone on here can see straight through the lies, is why peeps engage with the moron ?

All it does is give some sort of twisted justification for more of the same - the guy is a loser and unbalanced and peeps still respond to his moronic ramblings.

The thread is becoming a homage for him and a reason to get up in the morning!!!

I think he needs to go the same way as the other idiot.

Just my sixpennyworth.

tintin

[scrappycat] 16/3/2021 08:01

Losta,

Irrespective of your actual holding, you lost credibility by your apparent decision that JLP would fall to the 6p level. What makes you think anyone is interested in your apparent investment decisions is beyond me, and many others I suspect.